Compound Interest Calculator
CD 4-year Account from First Chatham Bank with 1.12% APY and $10,000 minimum deposit

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The product CD 4-year Account from First Chatham Bank with 1.12% APY and $10,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $22,356. The interest earned would be $2,356 and the tax amount on the interest earned would be approximately $707.

Please note that this product is available in Georgia and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for First Chatham Bank

Savings Boost of
$469 over 10 years

Cash Savings $20,000

Average Interest Earned $1,181

First Chatham Bank Interest Earned $1,649

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This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

	Rate: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	163	114
2	20,163	164	115
3	20,327	165	116
4	20,492	167	117
5	20,658	168	118
6	20,826	169	119
7	20,996	171	119
8	21,166	172	120
9	21,338	173	121
10	21,512	175	122
	TOTAL:	$1,687	$1,181

First Chatham Bank Scenario

	Rate: 1.12%	Annual Interest	Annual Interest (After Tax)
1	20,000	224	157
2	20,224	227	159
3	20,451	229	160
4	20,680	232	162
5	20,911	234	164
6	21,145	237	166
7	21,382	239	168
8	21,622	242	170
9	21,864	245	171
10	22,109	248	173
	TOTAL:	$2,356	$1,649

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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

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Customer Reviews for First Chatham Bank

314201

September 18, 2018

I have been a satisfied customer at the Hodgson Memorial branch. The customer service is always excellent. Jenny Collins has been especially helpful and professional.

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Compound Interest Calculator CD 4-year Account from First Chatham Bank with 1.12% APY and $10,000 minimum deposit